HomeMy WebLinkAboutBOT Budget Presentation 060712
Westlake Academy
Budget Retreat
“Holding to the Vision, Rising to the Challenge”
June 7, 2012
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• Our “VVM” and “Desired Outcomes” (pg. 1)
• Key question: Are we moving towards
meeting these as demand for
WA increases?
Westlake Academy
Budget Retreat
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Key Trends for FY 12/13
• Enrollment Growth – “The Word Is Getting Out”
• Further State funding reductions
• Need for additional WAF operating dollars
• Costs for new teacher recruitment and new positions
• Discontinuing indirect cost transfer to municipal general
fund
• Maintaining an adequate fund balance
• Facility needs remain unaddressed
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Proposed FY 12/13 WA Operating Budget
Proposed Operating Expenditures $ 5,171,301 $ 5,090,592
Proposed WAF Operating Grants $ 00,000 $ 339,700
Sub-total $ 5,171,301 $ 5,430,292
Debt Service (charged to municipal
budget) $ 1,498,528 $ 1,498,529
GRAND TOTAL – ALL COSTS $ 6,669,829 $ 6,928,821
Estimated Proposed
11/12 12/13
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Operating Revenues to Operating Expenditures
State Revenue $ 4,345,822 $ 4,499,162
Local Revenue (Incl. Blacksmith $ 803,361 $ 1,216,134
and WAF Grants*)
TOTAL REVENUE $ 5,149,183 $ 5,715,296
EXPENDITURES $ 5,171,301 $ 5,430,292
GRAND TOTAL ($ 22,118) $ 285,004
* WAF grant funding shown in Proposed 12/13 figures
Estimated Proposed
11/12 12/13
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Enrollment Trends SY 12/13
• Enrollment has grown: Estimated 675, budgeted at 650
(Figure 1, pg. 4)
• Westlake enrollment has increased to pre-Secondary
expansion levels (Figure 2, pg. 4)
• Projected composition of SY 12/13 enrollment by
residency (Table 1, pg. 6)
• Only G1 and G12 are at 20 students per class
(Figure 4, pg. 7)
• Wait list continues to grow 6
Revenue Trends SY 12/13
• State funding continues to decline (pg. 8)
• Blacksmith has increased; without it, fund balance would
have been drastically reduced or significant expense
reductions would be necessary (Figure 8, pg. 8)
• Even so, gains in Blacksmith are less than FSP revenue
would be, if it was still at SY 09/10 levels (“high water
mark”
• WAF Grants are critical (pg. 20)
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Expenditure Trends SY 12/13
• Comparing Expenditures & Revenues (Figure 16, pg. 19)
• FY 11/12 ~ Adopted Operating Expenses $ 5.3 M
• FY 11/12 ~ Estimated Operating Expenses $ 5.1 M
• FY 12/13 ~ Proposed Operating Expenses $ 5.4 M
* Note: FY 12/13 includes $339,700 in WAF Operating Grants
• Figure 15 shows our per student operating costs have
declined… Why?
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Expenditure Trends SY 12/13 (cont.)
• Salaries and benefits are WA’s largest operating expense
(pg. 9)
• Increases in this area of $250,000 from FY 11/12 estimate.
Why?
• Review SLA’s (pg. 18)
• Review Positions and Salary schedule recommendations
(pg. 13-17)
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Unaddressed SLA’s
• Tutor costs for Secondary grades
• Costs for international Spanish immersion /
community service program
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Expenditure Trends SY 12/13 (cont.)
• Salaries and benefits expenditures are increasing $250,000
in 12/13 as compared to 11/12 estimate
• Directly related to:
+ Loss of ARRA grant
+ New teacher recruitment for existing positions
+ Health insurance for new hires
+ New Secondary humanities position (hire the best)
+ Secondary lead teacher position
+ Additional sub’s cost
+ Reading specialist position
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Expenditure Trends SY 12/13 (cont.)
• WAF Grants (pg. 20-21)
• Indirect Cost Payments (pg. 21)
• Fund Balance (pg. 9)
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Wrapping – Up
the 12/13 WA Budget
> Key Areas of Board Direction:
• Revenues
- Enrollment
- Blacksmith
• SLA’s
• WAF Grants
• Fund Balance
Evaluation Question: Does this budget adequately
balance all considerations to address desired outcomes
and move our VVM forward?
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